Back to Search
Property profile & analytics
OFF-MARKET
Garden apartment buildings
1023 Holcombe Rd Decatur, GA 30032
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US22-0686374
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Total area
9,688 SF
Lot
10.45 ac (455,202 SF)
Zoning code
RM85
APN
15 229 01 010
UPID
US22-0686374
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tmf Avondale Holdings LLC · 3 yrs held
Tmf Avondale Holdings LLC
since 2022
Last sale
$18.2M
7 recorded transactions
Zoning & alternative use
RM85 · Decatur, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$190,518
Tax year 2024
Assessed value
$4,200,000
Assessed 2024
Previous assessed
$4,200,000
+0.0% YoY
Effective rate
4.54%
On assessed value
Assessed land
$252,000
Assessed improvement
$3,948,000
Land market value
$630,000
Improvement market value
$9,870,000
Total market value
$10,500,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1972
Heating
NONE
Cooling
YES
Buildings
15
Stories
2
Units
130
Total area
9,688 SF
Lot
10.45 ac (455,202 SF)
Zoning code
RM85
APN
15 229 01 010
UPID
US22-0686374
Jurisdiction
DE KALB
Zoning & alternative use
RM85 · Decatur, GA
Zoning RM85 · permitted uses
RM85 · Decatur, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Decatur. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Cooling
Yes
Stories
2
Buildings
15
Units
130
Lot
10.45 ac
Current owner
From public records · entity-resolved
Tmf Avondale Holdings LLC
Entity
Mailing address
603 E BROADWAY ST, PROSPER, TX 75078-2943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
Yates Avondale LLC
—
Deed
related
$15,200,000 · Bds V Reit
Dec 30, 2022
$18,200,000
Tmf Avondale Holdings LLC
Avondale Smj Equities LLC
Limited Warranty Deed
$13,750,000 · Emg Transfer Agent
Sep 16, 2020
$11,000,000
Avondale Th Equities LLC
1055 Holcombe LLC
Grant Deed
$9,064,000 · Arbor Com'l Fndg I LLC
Sep 16, 2020
—
Wolf Avondale LLC
1055 Holcombe LLC
Grant Deed
related
—
Nov 16, 2018
—
1055 Holcombe LLC
Ridge Stone Townhomes LLC
Grant Deed
related
—
Oct 31, 2018
$7,125,000
1055 Holcombe LLC
Ridge Stone Townhomes LLC
Grant Deed
—
Jun 11, 2014
$2,400,000
Ridge Stone Townhomes LLC
Pem Of Fsf Title/landing LLC
Grant Deed
$2,462,731 · Peoples Cmnty Nat'l Bk
May 15, 2012
$1,775,000
Tc Pem Of Fsf Elite/landing LLC
Omsf Capital LLC
Grant Deed
—
Sep 20, 2007
$3,771,500
Elite At Victory Landing LLC
Victory Landing LLC
Grant Deed
related
$3,717,000 · Omni National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1023 Holcombe Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
